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Wells Fargo plans enhanced growth securities linked to index basket
By Jennifer Chiou
New York, Nov. 3 - Wells Fargo & Co. plans to price 0% enhanced growth securities with partial principal protection due June 2013 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 with a 50% weight, the S&P MidCap 400 with a 25% weight and the Russell 2000 with a 25% weight.
The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum return of 50% to 60% that will be set at pricing. Investors will receive par for losses up to 15% and will share in any losses beyond 15%.
Wells Fargo Securities, LLC is the agent.
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